Hemang S.
Reasonable percents for repairs, vacancy, and cap-ex
Hi BP community, this is my first post! I am looking for a 4 unit multi-family and have identified some candidates. I want to know if using 7% (of gross rental income) for repairs, 7% for cap-ex, and 7% for vacancy is...
Richelle Ouellette
Backyard shed cash flows $2k+/month
My agent thought I was insane when I wanted to buy the house everyone else had overlooked because of the *five* structures in the back yard. (So many sheds!) Well, I’m the crazy person with a creative vision and where...
Jeff G.
I Want to Be Aggressive With My Follow-Ups But I Need Direction
I've sent out my first major batch of mailers and I have no complaints about my response rate. Though, I do get a ton of hangups. I realize that the people who make it anywhere in this business are awesome with their ...
Sandy Sciales
advice and suggestions- holding 2 properties without tenants
We have had a fully booked month in March and April until airbnb emailed our guests to let them know they could disregard our refund policy and cancel without penalty. Some of our guests would have rescheduled and we ...
Account Closed
Building a proven Wholesale Process
Hello BP!I wanted to reach out and share my current wholesale process I've been building to perhaps help another wholesaler or investor. And if someone can offer advice or tips, that would be great too! 1.Getting Lead...
Henry Clark
Self Storage- Just Built, To Sell or Not
This is not your
situation, but just to walk through the different thought processes
in Holding/Selling that a friend of mine is going through.
Helped my friend get
into the Self Storage business and walked him th...
Sinil Kim
I bought my first duplex. give eviction notice or new lease?
Yesterday I closed my first investment property in Ridgefield, NJ. It's duplex. Each unit has one bed and one bath. Average rent for one bed room around the property is $1,200 to $1,400. But still the tenants living...
Steven Brown
GRM Analysis on a Quad
Hello All,
I'm currently analyzing the numbers on a listed Quad. This is my first analyses I'm performing in determining what is the fair market value to place an offer on the property. I've looked at the immediate r...
David Campbell
Looking for advice on what my next move should be!
Good Evening fellow Big Pocketers, Here's what I have.I currently have 3 properites (Los Angeles, San Diego, and my primary in a small town in North Carolina). I am looking to do something with my LA house and wanted ...
Steven Barnhill
Duplex and the 2% rule
I have found a duplex that seems to fit the 2% (rent * 50) rule but the actual profit doesn't seem worth the effort.
Asking Price $35K
Total Rent: $750/month
Expenses per year
Taxes: $923
Insurance: $1200 (estimated...